BISMARCK, N.D. (KVRR) — The President of the North Dakota Bankers Association says, despite the recent failure of two banks, the U.S. banking system is sound. Rick Clayburgh says the failures regarding the second and third largest bank failures since 2008 involving Silicon Valley Bank and Signature Bank are isolated. He adds they likely involve a management issue that has…
FARGO, N.D. — Swiontek first started out in Gate City right after graduating from NDSU in 1978. Steve worked his way up the chain and helped grow over 30 new locations, 600 jobs and 2 billion dollars in assets. He says he owes everything to his staff that work tireless to provide for both the customer and the community. Under…
GRAND FORKS, ND — A warning to check your bank statements from the Grand Forks Police Department. They have received a number of reports of unauthorized transactions taking place on accounts at financial institutions. It includes both withdrawals and deposits. People are typically unaware of the transactions until they review their statements or receive notification about the suspicious activity. If you…
NATIONAL — A banking giant is apologizing again. Wells Fargo says it is processing the error that caused many of their customers to pay their bills twice and it resulted in several accounts being overdrawn. Angry Wells Fargo customers took their frustrations out on Twitter and the company said they would refund any related fees or charges. They said…
MINNESOTA — The man credited with reviving Twin City Federal Savings and Loan and who was a dominant Minnesota political figure, has passed away. Bill Cooper died Tuesday at the age of 73. He rescued TCF from the savings and loan crisis in the 1980’s and took the bank public. As CEO he grew TCF to several hundred branches…
SEATTLE — Heated debate over the construction of the Dakota Access pipeline isn’t just building again in Morton County in North Dakota. The city of Seattle, Washington has decided to cut ties with banking giant, Wells Fargo, over the bank’s financial connections to the building of the pipeline. The company was already on rocky ground, say city officials, after the…
There may be more fallout from Wells Fargo’s fake account scandal from 2016. The banking giant announces they are closing 400 branches nationwide after the company closed down at least 84 branches in 2016. Officials say the closures will happen by the end of 2018 and are expected to save the company about $2 billion. They say the shut downs…
